PSK-Projects: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PSK-Projects
Largest movements
- Stocks and contracts +€63,533
up €63,533 (+14.8%), from €430,005 to €493,537
- Receivables within one year +€54,609
up €54,609 (+346.7%), from €15,750 to €70,359
- Debts after one year -€168,500
down €168,500 (-100.0%), from €168,500 to €0
- Current portion of long-term debt +€162,500
up €162,500 (+126.0%), from €129,000 to €291,500
- Trade debts +€97,619
up €97,619 (+8413.5%), from €1,160 to €98,779
- Reserves +€21,179
new in 2025: €21,179
- Other debts -€19,991
down €19,991 (-12.9%), from €155,491 to €135,500
- Gross operating margin +€58,473
up €58,473 (+1220.5%), from €4,791 to €63,264
- Taxes +€7,710
new in 2025: €7,710
- Financial charges +€4,244
up €4,244 (+52.7%), from €8,060 to €12,304
- Staff costs +€2,583
new in 2025: €2,583
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €446,893 | €565,533 | +€118,640 | +26.5% |
| Fixed assets | 21/28 | - | €500 | +€500 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €446,893 | €565,033 | +€118,140 | +26.4% |
| Stocks and contracts in progress | 3 | €430,005 | €493,537 | +€63,533 | +14.8% |
| Stocks | 30/36 | €430,005 | €493,537 | +€63,533 | +14.8% |
| Amounts receivable within one year | 40/41 | €15,750 | €70,359 | +€54,609 | +346.7% |
| Other amounts receivable | 41 | €15,750 | €70,359 | +€54,609 | +346.7% |
| Cash at bank and in hand | 54/58 | €1,139 | €659 | -€480 | -42.1% |
| Deferred charges and accrued income | 490/1 | - | €477 | +€477 | |
| Total equity and liabilities | 10/49 | €446,893 | €565,533 | +€118,640 | +26.5% |
| Equity | 10/15 | -€7,791 | €31,179 | +€38,970 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €21,179 | +€21,179 | |
| Distributable reserves | 133 | - | €21,179 | +€21,179 | |
| Profit (loss) carried forward | 14 | -€17,791 | €0 | +€17,791 | |
| Amounts payable | 17/49 | €454,684 | €534,354 | +€79,669 | +17.5% |
| Amounts payable after more than one year | 17 | €168,500 | €0 | -€168,500 | -100.0% |
| Financial debts | 170/4 | €168,500 | €0 | -€168,500 | -100.0% |
| Amounts payable within one year | 42/48 | €285,651 | €533,489 | +€247,838 | +86.8% |
| Current portion of amounts payable after more than one year | 42 | €129,000 | €291,500 | +€162,500 | +126.0% |
| Trade debts | 44 | €1,160 | €98,779 | +€97,619 | +8413.5% |
| Suppliers | 440/4 | €1,160 | €98,779 | +€97,619 | +8413.5% |
| Taxes, remuneration and social security | 45 | - | €7,710 | +€7,710 | |
| Taxes | 450/3 | - | €7,710 | +€7,710 | |
| Other amounts payable | 47/48 | €155,491 | €135,500 | -€19,991 | -12.9% |
| Accrued charges and deferred income | 492/3 | €534 | €865 | +€331 | +62.1% |
| Remuneration, social security and pensions | 62 | - | €2,583 | +€2,583 | |
| Other operating charges | 640/8 | €1,415 | €1,697 | +€282 | +19.9% |
| Gross operating margin | 9900 | €4,791 | €63,264 | +€58,473 | +1220.5% |
| Operating profit (loss) | 9901 | €3,376 | €58,984 | +€55,609 | +1647.3% |
| Financial charges | 65/66B | €8,060 | €12,304 | +€4,244 | +52.7% |
| Recurring financial charges | 65 | €8,060 | €12,304 | +€4,244 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,684 | €46,680 | +€51,364 | |
| Income taxes | 67/77 | - | €7,710 | +€7,710 | |
| Profit (loss) for the period | 9904 | -€4,684 | €38,970 | +€43,655 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,684 | €38,970 | +€43,655 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.